Talwalkar Fitness: Rising from Support Line

TALWALKAR FITNESS Weekly NSE Stock Chart Technical Analysis
(This is a weekly chart, hence each bar/candlestick represents one week of activity)


Talwalkar Fitness (IPO) began trading on 10th May 2010.  Since then the stock price has climbed steadily within an upward price channel.

Market Outlook:

• The price is headed upwards
• Target1: 290  Target 2: 325  SL: 256
• The only point of concern is that the week has ended with heavy selling pressure.  This means that there could be initial fall in price when the markets open on Jan 3rd.  So use good judgement before making the actual trade.

Technical Indicators:

• The price is moving within a price channel, between its lines of support and resistance, as visible on the chart.
• There is strong support at 256 and 218.  Coincidently, there are the exact points where the price touches the support trendline as well.  This shows a very co-ordinated price movement, which makes it easier to trade using technical charts.

All posts related to Talwalkar Fitness


TALWALKAR FITNESS Weekly NSE Stock Chart Technical Analysis

Jaiprakash Associates: Rising, Finally

JAIPRAKASH ASSOCIATES Weekly NSE Stock Chart Technical Analysis:

Jaiprakash Associates (previously JayPee Cements) rose this week after 2 months of falling.  

Close & CMP:  105.85

(This is a weekly chart so each bar / candlestick denotes price movement of 1 week)

Sentiment: Bullish

Market Outlook:

• The price seems headed upwards.
• There is an opportunity to buy / go long with a target of 125, stop loss 96.50
• But if NIFTY underperforms, liquidate around 117.
• There is strong support between 97 and 101.

Technical Indicators:

• The price fall slowed down as soon as it hit its support at 101, as visible from the small candlestick bodies.
• The support at 101 seems strong and so the price has started moving up again.
• There is a resistance line around 125, sell when the price reaches near this point.
• The price is deeply undersold, which also indicates that the price is ready for upward movement.

All posts about JP Associates 

JAIPRAKASH ASSOCIATES Weekly NSE Stock Chart Technical Analysis

(analyzed for Kiran, Mangalagiri)

SCI: Upward Correction Expected

SHIPPING CORPORATION OF INDIA (SCI) Weekly NSE Stock Chart Technical Analysis:


SCI has continuously lost value after peaking in October.  This sudden fall has ripped through the portfolios of many investors.  Pl note that this is the weekly chart and each bar (candle) represents one week of activity.

Close & CMP on 31 Dec: Rs 130.7

Market Outlook:

• The price is consolidating after the fall, and is currently not expected to continue falling in the next couple of weeks.
• The price is becoming ready for an upward correction and so we should hopefully see the price moving upwards in January
• If it moves upwards, atleast 10-15% correction in price can be expected.  After that, the price may continue to rise or fall back again.
• So, get ready to get into a long position on SCI, though not immediately.  You should be able to spot a rise soon.

Technical Indicators:

• The stock price is deeply oversold.
• The trading price range has reduced considerably inspite of high trading volumes.
• The fall in price has been vertical and so an upward correction is very high probability.

All previous posts related to SCI


SHIPPING CORPORATION OF INDIA (SCI) Weekly NSE Stock Chart Technical Analysis


(analysed for Kanniappan, Bangalore)